I think I can follow your logic and buy into that argument. I am looking at the "big picture" and whether or not an exploration well ends up being tied in or not. Of course, up until the point that decision is made (to, for example, NOT tie in a well) there are logs to pour over, production data to review, reservoir and core analysis to review, gas analysis to obtain, etc... So lots of hoops and hurdles to go through yet.
So, yes, I agree with you and Grayhairs in that if the logs are showing that they are even WORTH looking at... then your chances have just gone up.
As an aside, Wolverine Energy (WVE) put out a press release on their Ghost River well. Looks promising at this point and stock is rebounding. Now, as a comparison, the well reached TD at least 6 weeks ago (I believe) and the news release is coming out now. Good for a comparison. I own shares in WVE and am in the money, finally.
mike |
